GIVING AWAY A FORTUNE.
AMERICAN MILL lON AIRE’S EXPERIMENT. New York, Juno 1(5. Another convert has been discovered among millionaires to Mr. Andrew Carnegie’s theory that it is better to p;ive away a fortune during one’s lifetime and witness the benefits thus bestowed than to leave it by will. Inquiries into a sei iss of unusually large donations to various charities by Air. Lispor.ard Stewart, a bachelor, possessed of a large fortune, elicited an interesting confession. The millionaire, who is a lawyer and ex-sena-tor, explained that he was approaching his sixtieth year, and as lie grew older ho found that his needs were greatly simplified, so that lie was not able In use the whole of his income. He. had, therefore, cancelled sections of his will benefiting facourito institutions, and was gradually i on them the wealth lie had intended to bequeath, in order to see what, use they made of it. Tie had ahead-’ given £250,090, and expected n/xt year, if alive, to (hid that he needed a still smaller income, and to give away more, of his capital. An infirmary, the Zoological Society, and several churches are among the institutions Air. Stewart has endi.ved.
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Stratford Evening Post, Volume XXIX, Issue 138, 3 August 1911, Page 7
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196GIVING AWAY A FORTUNE. Stratford Evening Post, Volume XXIX, Issue 138, 3 August 1911, Page 7
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